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EightyNineWaves
Jan 10, 2023 2:21 AM

US30 January Forecast Short

US Wall St 30OANDA

Description

US indices could still have a larger correction, but it's unlikely with the FTSE confirming a completion to a Cycle II (Feb-Oct 2022) with the break above the Feb 2022 high. European markets look more definitively bullish with the break above that high, likely confirming a Cycle III impulse wave in development. It's probable US markets will confirm the same later this year.

US30 in the shorter term should have more downside to complete the current Intermediate (2).
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